The EU has been trying to cut back on Russian oil, but it’s still buying more of it than anyone else

A protest calling for a Russian oil embargo in Cologne, Germany. Ying Tang/NurPhoto/Getty Imags The EU remained the largest importer of Russian fossil fuels in September, according to the CREA. It has imported over 100 billion euros worth of Russian fuel since the Ukraine war started. The EU is still importing about 260 million euros…

Today’s mortgage and refinance rates: October 10, 2022 | Rates up, but a recession could bring them down

Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page. Mortgage rates have been ticking up over the past few days as…

Some Meta employees call key metaverse projects ‘make Mark happy’ as a nod to Mark Zuckerberg’s changing priorities, report says

Meta CEO Mark Zuckerberg. AP Photo/Mark Lennihan Some Meta staff refer to certain metaverse projects as “make Mark happy,” the NYT reported. “Make Mark happy” was shortened into the acronym “MMH,” two Meta employees told the NYT. Mark Zuckerberg has changed his priorities one year on since rebranding Facebook to Meta, per NYT. Some employees…

Chinese chip stocks plunge in Hong Kong after new US export controls promise to crimp Beijing’s tech development

The US introduced new curbs on Chinese tech exports Friday. Frederic J. Brown/AFP via Getty Images Shares in Chinese chipmakers fell in Hong Kong Monday after the US introduced new export controls. The stepped-up measures will cut China off from semiconductors made with American technology. “This development is likely to put a further brake on…

Former Fed boss Ben Bernanke wins Nobel Prize in economics for work on financial crises, along with 2 American academics

Former Federal Reserve chair Ben Bernanke won the Nobel Prize for economics Monday. REUTERS/James Lawler Duggan Ben Bernanke, the former chair of the Federal Reserve, won a Nobel Prize Monday for work on financial crises. Bernanke and American economists and academics Douglas Diamond and Philip Dybvig will share the prize. Bernanke led the Fed through…